All is in the graph. SImple and without indicators.
In the past BTC got rejected many times at some determinantes prices (10k, 8.5k , 7.5k , 6.5k.. ) to follow his bearish trend.
Strongly Rejected by EMA200, EMA100 and EMA50 multiple times (Started in August) .
Today we clearly broke EMA50 and got a nice buying volume.
Next Step should be to broke EMA100 around...
BTC is set to test the 20-ma weekly in the upcoming month/weeks. This moving average is lined up at the moment around $4500. The longer BTC takes to reach the 20-ma weekly the lower becomes the target. After noticing the weakness showed by BTC above 4k, I believe it needed another push or a re-test of the 200-ma weekly. While BTC did not perfectly touch the moving...
Megalodon Pro Automated Trader is giving short term strong sell signals on BTC with - purple rectangles. We are taking our profits at 24.6% - with 10X leverage. Always work your bids, targets and stops. Wait for the next Megalodon signals!
Become a Megalodon today for free!
In next 2-3 days, we will arrive in Warzone 3750-3900$. There are 2 cases :
- If BTC can get over this Warzone, I think BTC will have a bullrun to 5700$ in 1 week
- If BTC can't get over this Warzone, I think we will meet BTC at around 2550$ and BTC maybe rebound from there
In both cases, Altcoins would be not good to hold because I've already checked Altcoin...
The day before yesterday BTC finally pumped up for more than $350, however it is too early to draw any conclusions about the new up-trend or something like this. Well, let me explain my actual vision, there are three directions:
The green zone is the zone for buying. While the price is below this level - the bottom edge of this zone is the strongest resistance....
By the looks of it Bitcoin will have decided which direction it is going to go by the 21st of February.
We could touch the double bottom break out zone, that looks like pretty strong support before making any moves higher. The monthly pivot never broke, neither did the diagonal resistance zone. Price is still sandwiched between the monthly and weekly pivot, with...
We see a falling channel (small yellow chanel).
The red zone also remains the sale zone, the lower border of the yellow channel is strong support, if we break through it and fix below it, for sure we will dump.
In the yellow zone, you can open long, as it is above the mirror level.
In the green zone, it will be too late to open long, since inside this zone...
Red line is EMA300.
we bounced on it.
EMA300 is acting as the strongest support right now.
if we cross down this red line we can go 2000ish.
if we bounce multiple times on it, it should mean we bottomed, it can be a reversal bullish sign.
Happy Tr4Ding & Stay Safe !
Bitcoin has been bearish for the past 12 months and here is a good opportunity to short it again. Pair is currently setting up for bearish Bat pattern completing at 3710.3
If bulls pushes the price up towards this level then I will be looking for sell signal around this level on lower time frame to short it. Also looking for RSI to be overbought and diverging to...
At the moment the price is located above the support of the big channel and above the support of the tight channel. There is only one question: where the price will be fixed, above the big channel's support or below it (rectangles with green and red arrow).
If the price fix inside the big channel (green rectangle), the next movement would be upward to the gree...
Trade Symbol: BTC.USD
Time Frame: Daily
Predicted Direction: Long ( Breakout Required )
BTC.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
With this bear market being so slow, recently i have stepped back to take a look at some Mt. Gox charts to remember what the Golden Ages were like.
During this time, I was looking at the first wave in this Elliott Wave Cycle.
The rally started accumulation at $0.05 and finished at a high of $31.
After further analyzing, a peculiar pattern began to...
Im Chart sind viele Zeitabschnitte eingezeichnet, welche das Platzen der Blase von 2013 und 2017 vergleichen. Gemessen sind die Zeitabschnitte von den Höhepunkten der letzten Blase und ausgehend von den Halvings, welche als senkrechte rote linien eingezeichnet sind.
Bitcoin pumped yesterday and now we are waiting for a pullback to the 0.618 fib ratio from the initial pump from 3150.
We caught that move and made some profits on it. We are looking for a pullback. If that won't come, then we are going to the 4k range and parabolic move is confirmed. If that happens, triangle breaks to the upside and target is between 4.2k and...